According to Belarus’ First Deputy Prime Minister, the government is proposing to appoint the Administration of the Hi-Tech Park as the supervisory authority for crypto exchanges and digital tokens. The decision is reported to have the support of the country’s President. Cryptocurrencies have been regulated in Belarus since 2017 and the country currently has one registered crypto exchange. It is expected that the Hi-Tech Park Administration will find ways of harnessing digital technology to promote the country’s development. The Hi-Tech Park provides a special legal and tax regime aimed at encouraging the growth of the company’s technology sector and has been actively involved in regulating crypto activities. A committee of the Hi-Tech Park issued regulations for initial coin offerings and rules for operating a crypto market in 2018.
